How to go long on silver in Gate TradFi? The latest operation guide for June 2026

As of June 16, 2026, according to Gate TradFi market data, the current silver price is $69.8, down slightly by 0.2% over the past 24 hours. Despite a minor pullback during the day, after the extreme volatility earlier in the year saw prices plunge from the $121 historical high to around $60, silver is currently in a critical phase of a contest between bulls and bears.

There has been a major turning point in geopolitics recently. On June 14, the United States officially announced a ceasefire agreement with Iran. Both sides plan to sign a memorandum of understanding on June 19. The news pushed spot silver briefly above the $70 integer mark, with a single-day gain of over 3%. Citigroup (Citi) then, in a report released on June 16, raised its silver price forecast for the next 0 to 3 months from $60 per ounce to $70 per ounce, and said that overall risk appetite may have improved.

For crypto investors looking to seize opportunities in the silver market, Gate TradFi provides a convenient gateway to participate in traditional silver trading without leaving the crypto ecosystem.

Core Logic for Going Long on Silver

Trade silver CFDs directly with USDT

Gate TradFi is a multi-asset trading module launched by Gate. It connects traditional financial instruments with the cryptocurrency ecosystem, supporting various assets such as silver (XAG/USD), gold, forex, global stock indices, and popular stock CFDs (contracts for difference).

Going long on silver on Gate TradFi essentially means trading silver CFDs. This means you don’t need to hold physical silver; you profit from price fluctuations instead. The platform innovatively introduces USDx as an internal pricing unit. When you transfer USDT to your TradFi account, it is automatically converted 1:1 into USDx. After all profits and losses are settled, the amounts are returned in USDT.

Key advantages of Gate TradFi silver contracts

Gate TradFi breaks through multiple restrictions of traditional precious metals investing in terms of trading hours, capital thresholds, and account opening procedures. Silver CFDs offer four leverage options: 10x, 20x, 50x, and 100x, allowing users to choose flexibly according to their risk preferences. Trading fees follow a tiered fee structure, with maker fees as low as 0.02% and taker fees starting from 0.05%. In addition, the platform supports 24/7 trading, enabling crypto investors to capture silver market opportunities at any time.

How to Go Long on Silver on Gate TradFi? 3 Steps to Get Started

Step 1: Open a TradFi account

Update the Gate application to version 8.4.0 or above. Open the Gate App and log in, then click “Futures” in the bottom navigation bar, select “TradFi,” and tick the checkbox to agree to enable your TradFi account.

Step 2: Transfer funds

On the account page, find the “Transfer” feature and transfer USDT from your “Spot Account” or “Funding Account” to a separate “TradFi Margin Account.” This process is completed instantly and incurs no fees.

Step 3: Open a long position

On the trading page, choose “TradFi” under the market type, or find the “Precious Metals” section in the asset categories. Search directly for the XAG/USD trading pair. Select the “Buy” direction, enter the number of lots to open, and it’s recommended to set stop-loss and take-profit orders before opening. Confirm and click to open the position.

Latest Silver Market Fundamentals and Institutional Perspectives

Citi: Raises silver price target to $70

On June 16, Citigroup (Citi) released an updated research report. It raised its silver price forecast from $60 per ounce to $70 per ounce, while maintaining a bullish outlook for gold prices over the next 6 to 12 months, with a target price of $5,000. Citi said that overall risk appetite may improve, which is one of the core drivers behind the recent rise in precious metals.

HSBC: Forecasts average silver price of $75 for 2026

HSBC has also raised its silver price prediction, expecting the average silver price in 2026 to be $75 per ounce and $68 in 2027. However, HSBC also pointed out that a narrowing global silver supply-demand gap may limit the likelihood of silver prices continuing to rise.

CITIC Futures: Silver has stronger elasticity, but lacks sufficient trend-driven upward momentum

CITIC Futures’ latest analysis states that optimism surrounding the announcement by the United States and Iran that they will sign a final peace agreement has boosted silver more than gold, with higher market activity. However, on the silver spot side, there is a lack of driving force. Global silver ETF holdings have continued to trade in a range, investment demand has been tepid, and there is insufficient trend-driven upward momentum.

Silver Technical Analysis: Key Support and Resistance Levels

Early signs of a double-bottom pattern on the daily chart

As of June 16, silver’s daily chart shows signs of forming a “double bottom” pattern. Silver has regained above the 200-day simple moving average (SMA) at $68.59. The Relative Strength Index (RSI) has risen back from the bearish zone, indicating that buyers are stepping in.

Key resistance levels overhead

Silver is currently facing multiple technical resistance layers:

• 20-day simple moving average (SMA): $72.42
• 50-day simple moving average (SMA): $75.36
• 100-day simple moving average (SMA): $79.29
• Medium-term target: If the price breaks above the resistance overhead, the next target is $89.36, the high from May 13

Key support levels below

If silver pulls back, the following levels are worth watching:

• 200-day simple moving average (SMA): $68.59 (first support)
• $65.00: psychological support
• $61.51: June 11 cycle low

Breaking above $70.50 is a key signal

Technical analysis suggests that if XAG/USD can break above $70.50, the short-term trend will strengthen significantly. At that time, it will first test the $72.42 level where the 20-day SMA is located. Traders should closely monitor this key technical level.

Silver Long Trading Strategies and Risk-Control Suggestions

Strategy 1: Go long on a trend-following breakout

Applicable scenario: XAG/USD holds effectively above $70.50.

Entry logic: After a confirmed breakout on the daily close, go long following the trend.

Stop-loss setting: It’s suggested to set it below $68.00.

Take-profit targets: First $72.42 (20-day SMA), second $75.36 (50-day SMA).

Strategy 2: Buy the dip at key support after a pullback

Applicable scenario: Silver retraces to $68.59 (200-day SMA) and shows signals of stabilization.

Entry logic: Wait near the support area for a bullish candlestick pattern confirmation before entering.

Stop-loss setting: It’s suggested to set it below $67.50.

Take-profit targets: First $70.50, second $72.42.

Core risk-management principles

• Setting stop-loss and take-profit is trading discipline: The potential loss of each trade should be kept within 2% of total account funds. Take-profit should be no less than 2 times the stop-loss level to maintain a favorable reward-to-risk ratio.
• Take profit in batches and trail the stop-loss: When the price moves in a favorable direction, you may move the stop-loss up to the breakeven area according to plan, and reduce position size in stages at target levels to lock in profits.
• Monitor your position cost: When trading silver CFDs on Gate TradFi, holding positions overnight will incur an overnight fee (Swap Fee), which is settled at a fixed daily time. Users who plan to hold positions for several days must check the specific fee rates on the trading interface.

Summary

As of June 16, 2026, Gate TradFi market data shows silver at $69.8. With a triple-factor convergence—geopolitical easing, Citi raising its silver price target to $70, and the initial emergence of a double-bottom pattern on the silver daily chart—silver is in a critical window for the contest between bulls and bears. Gate TradFi provides crypto investors with a convenient route to directly participate in silver CFD trading using USDT. It supports up to 100x leverage, and the end-to-end process only takes three steps to complete account opening, fund transfer, and position opening. From a technical standpoint, silver needs to especially focus on the confirmation of a breakout above $70.50 and the effectiveness of the $68.59 support. In actual trading, setting reasonable stop-loss and take-profit levels and controlling per-trade position risk are the core disciplines for sustained profitability. The analysis above is for reference only and does not constitute any investment advice. The silver market is volatile; investors should make prudent decisions based on their own risk tolerance.